Question
Extended Trail Balance Problem 3 Prepare Extended Trail Balance Drawings Dr. Cr Rs. Rs. 18,000 Capital 1,00,000 Buildings 15,000 Loan from Ravi @ 12%
Extended Trail Balance Problem 3 Prepare Extended Trail Balance Drawings Dr. Cr Rs. Rs. 18,000 Capital 1,00,000 Buildings 15,000 Loan from Ravi @ 12% interest 15,000 Furniture & Fittings 7,500 Motor Motor Van 25,000 Sales 1,00,000 Interest paid on Loan 900 Commission Received 7,500 Purchases 75.000 15,000 Sundry Creditors 10,000 Opening Stock 25,000 25.000 Establishment Charges 15.000 Wages 2,000 Insurance 1,000 Sundry Debtors 28,100 Bank Balance 20,000 2,32,500 2,32,500 Adjustments (a) The value of stock on 31 March 2003 was Rs.32000 (b) Outstanding wages Rs.500 (c) Prepaid Insurance Rs.300 (d) Commission received in advance Rs.800 (e) Allow interest on Capital @ 10% (f) Depreciate Building 2% %. Furniture & Fittings 10%. Motor Van 10%
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